Section: Latest news

Ukraine`s State Statistics Service has reported that the average wages paid to full-time employees in Ukraine in February 2016 grew by 5.1%, or UAH 223, from January 2016, to UAH 4,585, or about $173.5, per person.This indicator is 3.3 times higher than the minimum wages in Ukraine, which is set at UAH 1,378, or about $52.The average wage in...

Oil futures rebounded in Asian trade on Wednesday, buoyed by a less than expected build in crude oil stockpiles last week, Reuters reported.A weakening dollar also lent some support but concern that a two-month rally was fading in an oversupplied market put a ceiling on gains, according to Reuters.Brent futures LCOc1 climbed 28 cents to $39.42 a...

Ukrainian President Petro Poroshenko will be on a working visit to the United States from March 30 to April 2, the presidential press service reported.In the framework of the visit, the Ukrainian president will take part in the Nuclear Security Summit in Washington at the invitation of President of the United States Barack Obama.The agenda of the...

The records of the ”Inter-ministerial Commission for the Provision of Humanitarian Aid for the affected Areas in the Southeast of the Regions of Donetsk and Luhansk” from October 23, 2015 reveal what observers have long feared: The Russian government is steering all affairs of the ”separatist areas” in the east of Ukraine, Germany`s BILD...

Head of Russia`s Federal Service for Veterinary and Phytosanitary Surveillance (Rosselkhoznadzor) Sergey Dankvert does not rule out that a ban may be introduced on all supplies of crop produce from Turkey, Prime news agency reported.”We will have to impose restrictions on all supplies of crop produce [from Turkey]. This may happen within a...

A Sukhoi Su-25 attack aircraft crashed on Wednesday during the landing at an airfield in Russia`s Far Eastern Primorye territory, the defense ministry said, according to Russian news agency TASS.The Su-25 jet was performing a training flight, the ministry`s press service said, TASS wrote.”The pilot ejected, his life and health are not under...

Italy has lifted all restrictions on flights of Ukrainian air carriers, the press service of the Ukrainian Infrastructure Ministry told UNIAN.”Italy has sent a letter of intent to satisfy all requests of Ukrainian air carriers in any amount without restrictions on frequency [of flights]. It is not yet an `Open Skies` agreement … it is related to...

Ukrainian oil and gas giant, NJSC Naftogaz`s Director for Business Development Yuriy Vitrenko says that his company is looking for money to buy natural gas for the next heating season. ”We`re working jointly with leading global investment banking firm Goldman Sachs, OPIC (the Overseas Private Investment Corporation is the U.S. government`s...

U.S. President Barack Obama will hold informal talks with Turkish President Tayyip Erdogan in Washington this week, the White House said on Tuesday, dismissing suggestions that the lack of a formal meeting represented a snub to Ankara, according to Reuters.”I would expect that over the course of the visit, the president will have an opportunity...

The State Statistics Service of Ukraine has released an updated estimate of the grain harvest in 2015, reporting that Ukraine`s yield was 60.1 million tonnes of grain after shelling (5.8% down on 2014), against a previous estimate of 59.96 million tonnes.The yield of sugar beets in 2015 was 10.3 million tonnes, which was 34.3% down on the year...